MNOPF finalises £1.3bn buyout

clock

The Merchant Navy Officers Pension Fund (MNOPF) has tied up a £1.3bn buyout of its old section that includes a one-off discretionary increase for all members.

The deal consolidates a series of earlier buy-ins and means 40,000 members will receive their pensions through individual policies with either Rothesay Life or Legal and General (L&G). In an unu...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Working with insurers – The past, present and future

Working with insurers – The past, present and future

Nikhil Patel and Andy Smith look at how market dynamics are changing

Nikhil Patel and Andy Smith
clock 17 January 2025 • 3 min read
Holophane scheme gets green light on £24m full buy-in deal with PIC

Holophane scheme gets green light on £24m full buy-in deal with PIC

Deal secures the benefits of 95 pensioners and dependents and 74 deferred members

Holly Roach
clock 15 January 2025 • 2 min read
Charities urged to prepare for DB funding regime

Charities urged to prepare for DB funding regime

DB schemes with valuations after 22 September 2024 should take control of funding and investment strategy

Jasmine Urquhart
clock 13 January 2025 • 1 min read
Trustpilot